Filing Flows › Ring Energy (REI) › Q1 2025
Ring Energy (REI) Q1 2025 earnings results (first quarter 2025)
10-Q filed May 7, 2025
Ring Energy (REI) reported revenue of $79.1M for the first quarter 2025 (Q1 2025), -16% from a year earlier and -5% from the quarter before. Operating margin was 28.3%, net earnings $9.1M (11.5% of revenue).
Ring Energy, Q1 2025: revenue $79.1M (-16% year over year), operating margin 28.3%, net earnings $9.1M, operating cash flow $28.4M. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $79.1M | -5% | -16% |
| Operating profit | $22.4M | -5% | -41% |
| Net earnings | $9.1M | +61% | +65% |
| Operating cash flow | $28.4M | -40% | -37% |
What changed
Revenue was $79.1M in Q1 2025, down 16% year over year and down 5% from the previous quarter.
Operating profit was $22.4M, a 28.3% margin (down 11.5 points year over year). Total costs fell 0% while revenue fell 16%. The fastest-growing cost line was General & admin (+15%). Net earnings were $9.1M, up 65% year over year. The effective tax rate was 25.0%.
Operating cash flow was $28.4M (down 37% year over year), 311% of net earnings. Non-cash charges added back $22.6M of depreciation and amortization and $1.7M of share-based compensation. Working capital and other items used $5.0M. Capital expenditures of $31.1M exceeded it, leaving free cash flow of −$2.7M.
Questions
What was Ring Energy's revenue in the first quarter 2025?
Ring Energy (REI) reported revenue of $79.1M for the first quarter 2025 (Q1 2025), -16% from a year earlier and -5% from the quarter before.
Was Ring Energy profitable in the first quarter 2025?
Operating profit was $22.4M (28.3% of revenue) and net earnings $9.1M.
Source: Ring Energy 10-Q on SEC EDGAR.